Job description

Under supervision of the Team Supervisor or the Manager, the Fund Expense Reporting Specialist provides direct client service support to internal clients, investment managers and central support teams to ensure timely and error free-processing and facilitate the resolution of problems related to complex expense events.

Role description:

• Prepare Total Expense Ratio reports.
• Prepare and correct expense accruals liaising with NAV production teams;
• Prepare calculations regarding various fees types – management fees, commission fees.
• Prepare ad – hoc expense reports and analysis according to client needs/request
• Prepare the fund budgets and instruct accrual changes after consulting with the client;
• Resolve inquiries in a timely and accurate manner and communicates effectively with SSB teams;
• Assist in Client, Audit and NAV production expense-related queries;
• Take part in onboarding new tasks and operating model definitions;
• Escalate unresolved issues to management as required;
• Update various logs and spreadsheets and control checklists on a regular basis.

Required skills: 

• Master’s degree (or student) in Accounting or Finance;
• Demonstrate an understanding of investment fund operation. Especially areas of fund expenses (fees: purchase, redemption, audit, legal & other expenses), total expense ratio production, accruals and true-ups, client invoice/rebilling.
• Excellent analytical and problem-solving skills;
• Very good English required – B2.
• Attention to details;
• Ability to work under pressure and to tight deadlines;
• Proficiency in MS Excel is crucial;

We offer:

• Interesting process
• Hybrid working model- split between working from home and working from the office.
• Employee savings plan
• Premium life insurance package
• Gold medical package
• International operating environment
• Language classes
• Soft skills training
• Technical workshops
• Development sessions with a mentor,
• Diversity of opportunities across a range challenging and highly complex activities
• Technical or leadership career pathway

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers.